Taiwan's GDP Up 6.4%

Feb. 21, 2008
Favorable fourth quarter results due to manufacturing and export sectors

Taiwan's gross domestic product rose 6.4% year-on-year in the fourth quarter to December 2007 due to a better-than-expected performance in the export and manufacturing sectors, the government said Feb. 21.

The Directorate General of Budget, Accounting and Statistics had estimated that GDP would grow 5.4% in the quarter, compared with a 6.9% increase in the previous quarter.

In 2006, GDP, which is the total market value of all final goods and services generated by the economy, grew 5.7% after a 4.9% rise in 2006. However, the cabinet-level agency cut its 2008 GDP growth forecast to 4.3% from a forecast of 4.5% made in November amid the fallout of the U.S. subprime woes on the global economy.

Copyright Agence France-Presse, 2008

Popular Sponsored Recommendations

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!